Markets got off to a positive start, but took a tumble on poor consumer confidence and statements by Senator Harry Reid. Reid spoke of the negligence republicans took by not showing up to work in order to try and negotiate a deal on the Fiscal Cliff.
The inside story on the hill is that we will go over the cliff.
Currently the DOW just bounced slightly off the lows of the day. We are down 135 bones currently with a strong dollar and weak commodity space. Gold did manage to eek out a minor gain.
Expedia is the best performer on the NASDAQ followed by Deckers….
Technology leads the way down on the NASDAQ as $GOOG and $AAPL are down 1%+
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